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NEWSru IsraelEconomy

Tshuva's Daughter Buys Golan Heights Thermal Resort for Reconstruction

Translated & summarized from NEWSru Israel by baba

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Russian · 2 newsrooms covering

Gal Naor, daughter of Yitzhak Tshuva, is purchasing 70% of the Hamat Gader thermal resort in the Golan Heights for approximately 150 million shekels. The deal, approved by the four kibbutzim that previously owned the resort, will see them retain a 30% stake. Naor plans to add 140 hotel rooms and extensively renovate the facilities to attract more visitors, including international tourists, with an expected rise in entrance fees.

The story in 5 lines · by baba

  • Gal Naor is acquiring 70% of the Hamat Gader thermal resort for about 150 million shekels.
  • The resort is located in the southern Golan Heights and was previously owned by four kibbutzim.
  • Naor plans to add 140 hotel rooms and upgrade the facilities.
  • The goal is to increase overnight stays and attract foreign tourists.
  • Current entrance fees range from 127 to 139 shekels.
Tshuva's Daughter Buys Golan Heights Thermal Resort for Reconstruction
Editorial illustration generated by baba News, not a photograph of the event.

Gal Naor, daughter of entrepreneur Yitzhak Tshuva, is acquiring a 70% stake in the company that manages the Hamat Gader thermal resort in the southern Golan Heights. The deal is valued at approximately 150 million shekels, according to Globes. Previously, the resort was owned by four kibbutzim: Mevoh Ham, Kfar Haruv, Afik, and Metzah, which will retain the remaining 30% ownership. The kibbutzim have approved the transaction, and the state is not expected to oppose the transfer of rights. Only the operational rights to the tourist facility are being sold; the land remains state property managed by the Israel Land Authority, and the adjacent national park is overseen by the Israel Nature and Parks Authority.

Naor plans to add 140 hotel rooms, a five-and-a-half-fold increase, in line with a 2018 urban development plan. The renovation will also include a significant upgrade of the thermal baths, infrastructure, and spa complex. These improvements are intended to boost overnight stays, complement day visitors, and attract international tourists. The plan also anticipates an increase in the entrance fee, which currently stands at 127 shekels on weekdays and 139 shekels on Thursdays and weekends.

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Full coverage · 2 outlets
First: Globes · 5h ago

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